Market Chatter: Trump Tones Down Rhetoric Against China to Snag Trade Deal, Summit with Xi

MT Newswires Live

Jul 17, 2025

US President Donald Trump has toned down his stance against China as he looks to snag a summit with his counterpart Xi Jinping and sign a trade deal with Beijing, Bloomberg News reported Thursday, citing people familiar with internal deliberations.

The development comes after Trump said Tuesday he is fighting China "in a very friendly fashion," the report said.

Trump is now focused on finalizing purchase deals with Beijing, similar to the ones he enacted during his first term, Bloomberg said.

The president has been said to be the least confrontational among his staff during meetings regarding China, keeping his advisers worried, the news outlet said, citing sources.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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